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British investment in Hong Kong's manufacturing industries has a long history, and has grown at a steady pace in recent years. Between 1970 to 1979, an average of 2 investments were made each year. From 1980 to 1987, 4 new investments a year have been made on average. In 1987, 61 investments were identified, of which 25 (41%) were wholly-owned by British interests, 8 (138) were joint-ventures without a local interest, and 28 (46%) joint-ventures with a local interest. (Table 21)
British investments were concentrated in the electronics, tobacco, textiles and clothing, and chemical products industries. Investment in these sectors accounted for over 80% of the total. (Table 20)
Machinery and equipment (68%) made up most of the stock of fixed assets, followed by land and buildings (18%). The bulk (81%) of gross additions to fixed assets was machinery and equipment.
(Table 22)
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